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URL:https://www.learndesk.us/class/4746122453057536/lesson/33b2e859ef4edc6a5338a63724951dd0?ref=outlook-calendar
SUMMARY:The Income Capitalization Approach
DTSTART;TZID=America/Los_Angeles:20260527T190000
DTEND;TZID=America/Los_Angeles:20260527T200000
LOCATION:https://www.learndesk.us/class/4746122453057536/lesson/33b2e859ef4edc6a5338a63724951dd0?ref=outlook-calendar
DESCRIPTION: 
Steps in the approach
Gross rent and gross income multiplier approach

The income capitalization approach, or income approach, is used for income properties and sometimes for other properties in a rental market where the appraiser can find rental data. The approach is based on the principle of anticipation: the expected future income stream of property underlies what an investor will pay for the property. It is also based on the principle of substitution: that an investor will pay no more for a subject property with a certain income stream than the investor would have to pay for another property with a similar income stream.
The strength of the income approach is that it is used by investors themselves to determine how much they should pay for a property. Thus, in the right circumstances, it provides a good basis for estimating market value.
The income capitalization approach is limited in two ways. First, it is difficult to determine an appropriate capitalization rate. This is...

https://www.learndesk.us/class/4746122453057536/lesson/33b2e859ef4edc6a5338a63724951dd0?ref=outlook-calendar
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